Citigroup reported on Tuesday its fourth-quarter profit was
well below expectations, casting doubt over the company's CEO
that the bak had “turned the corner.” The poor results
have left the bak's executives facing tough questions about
what had gone so wrong at the bank, which required a massive
taxpayer bailout to survive the recent financial crisis.

The nation's third-largest bank, Citigroup's fourth-quarter
fixed-income revenue fell 58 percent from the previous
quarter. Compared with JPMorgan, who had reported just a
7.9 percent drop in fixed-income revenue, the report was
devastating.

Shares of Citigroup, which had been climbing steadily over the
last year as the US cut its stake, fell 5.5 percent in early
afternoon trading.

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